Identify the purpose of Feasibility study-02420

Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of the existing business or proposed venture, opportunities and threats as presented by the environment, the resources required to carry through, and ultimately the prospects for success.

Purpose of Feasibility Study

The purpose of feasibility study is to obtain a commitment to change and to evaluate whether cost effective solutions are available to address the problem or opportunity that has been identified.